Loan Summary:
Current successful Mortgage Vintage Borrower and business owner sought a cash-out 2nd TD on this owner-occupied SFR in Orange County. Proceeds from this loan will be invested into expanding the borrower’s company. The 1st Mortgage principal balance is $1.302 Mil. at a 3.50% interest rate.
Property Summary:
Our subject property is a beautiful two-story SFR located in Huntington Beach and sits on a 7,440 sqft lot. The subject was built in 1970 and has 2,812 sqft of living space with 10 total rooms – 5 bedrooms, 3 baths and a spacious 3-car attached garage. The home is located near the Huntington Club golf course, Huntington Beach Dog Beach, the local High School, parks, restaurants, shopping, and recreation.
What we like about this Trust Deed opportunity:
- Successful business owner
- Orange County location
- Pool/spa
- Established neighborhood
- 6 months Guaranteed Interest
- CLTV: 58.18%
